India, Nov. 19 -- The rupee appreciated by 9 paise to 88.51 against the US dollar in early Wednesday trade, supported by softer crude prices, even as global equity volatility limited sentiment.
According to forex traders, the local currency remained under pressure from a firm US dollar and continued foreign fund outflows. Investors also stayed cautious ahead of updates on the proposed India–US trade deal and key domestic PMI data due later this week.
At the interbank forex market, the rupee opened at 88.57 and strengthened to 88.51 in initial trades, marking a 9-paise rise from its previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....